SEATXCHANGE Inc.

Convertible Promissory NotesNote converts to Common Stock when the company raises $500,000.00 in a qualified equity financingMaturity Date: October 1, 2020$5,000,000 Valuation Cap20% Discount Rate2% Annual Interest Rate**What is a Convertible Note?A convertible note offers you the right to receive Common Stock in SXC Live Inc. dba SEATXCHANGE. The number of shares you will receive in the future will be determined at the next equity round in which the Company raises at least $500,000 in qualified equity financing. The highest conversion price per security is set based on a $5,000,000 Valuation Cap or if less, then you will receive a 20% discount on the price the new investors are purchasing. You also receive 2% interest per year added to your investment. When the maturity date is reached... [Read More]

Crowd Lustro Research Report

SEATXCHANGE Inc.

Industry:
Entertainment

Security Type:
ConvertibleA convertible security is a security that can be converted into another security. Convertible securities may be convertible bonds or preferred stocks that pay regular interest and can be converted into shares of common stock (sometimes conditioned on the stock price appreciating to a predetermined level).

Use of Proceeds

We are seeking to raise a minimum of $10,000 and up to $107,000 in this offering through Regulation Crowdfunding.If we manage to raise our overallotment amount of $107,000, we believe the amount will last us 6-12 months and plan to use the net proceeds of approximately $100,580 over the course of that time as follows: to support our various marketing initiatives which includes, but is not limited to: (i) online digital marketing; (ii) influencer marketing; (iii) street teams; (iv) PR; and (v) strategic marketing partnerships and/or joint ventures.

Management

Amir Amini
Founder l President l Director
Amir Amini is the Founder and President of SEATXCHANGE. He left a successful legal career spanning more than thirteen years to follow his dream and bring SEATXCHANGE to life. Amir graduated cum laude, from the University of Michigan Law School in 2003, where he served as Associate Editor of the Michigan Telecommunications and Technology Law Review and was the starting shooting guard on the Intramural Graduate Basketball Championship team.

Robert Gleason
Head of User Acquisition
Director of Entertainment for SBE (2004-2015), a lifestyle hospitality company with hotels, restaurants, and nightclubs worldwide. In 2015, he became NERVO's (Forbes List highest paid) Manager. Part of Michigan State's 2001-2002 Men's Final Four Basketball Team.

Deal Structure

Convertible Note l Minimum $100 (US)

Note converts to Common Stock when the company raises $500,000 in a qualified equity financing

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